As of 2008, which of the following countries had a female literacy rate of less than 50%?
a. India
b. Greece
c. Finland
d. Ethiopia
e. Namibia
d
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When people purchase health insurance and then change their behavior after the purchase because the insurance protects them from loss, the health insurance market is said to face the problem of
A) asymmetric information. B) moral hazard. C) adverse selection. D) the rationality paradox.
The opportunity costs of land is largely determined by
A) need. B) real estate agents. C) demand. D) government.
Suppose you see a 2012 Ford Mustang GT advertised in the local newspaper for $15,000. If you knew the car was reliable, you would be willing to pay $17,000 for it. If you knew the car was unreliable, you would only be willing to pay $12,000 for it
Under what circumstances should you buy the car?
A person's earnings over a period of time is known as
A) money B) income C) wealth D) all of the above